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In this article, we will take a look at the 15 biggest drone companies in the world. If you want to see more of the biggest drone companies in the world, go directly to the 5 Biggest Drone Companies In the World.
Since becoming a commonplace commodity, drones have attracted numerous manufacturers to this market. There are many drone manufacturers in the market right now, and each has a variety of distinctive products. While some concentrate on consumer-grade drones, others cater to the professional and commercial industries. The global UAV drone market is anticipated to generate $102,466.7 million in sales by 2030, expanding at a high CAGR of 19.6% from 2022 to 2030, as reported Bloomberg. By end-use, it is anticipated that the military and defense sub-segment will generate the most income by 2030, totaling $65,298.5 million. UAV drones are utilized in military and defense activities to carry out different responsibilities across borders, which is expected to increase this sub-segment's growth rate.
Some of the most notable drone companies in our list of 15 biggest drone companies in the world include The Boeing Company (NYSE:BA), Lockheed Martin Corporation (NYSE:LMT), and NVIDIA Corporation (NASDAQ:NVDA), among others.
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Methodology
For our list of the 15 biggest drone companies in the world, we took the top 15 largest drone-related companies by market capitalization. These companies either directly make and sell drones or make technologies and parts used in drones.
Biggest Drone Companies In The World
15. Parrot S.A. (OTC:PAOTF)
Market Capitalization as of October 31, 2022: $0.124 billion
Number of Hedge Fund Holders as of Q2, 2022: N/A
Parrot S.A. (OTC:PAOTF) was founded in 1994 and is based in Paris, France. It provides commercial drones, covering equipment, software, and services in France and internationally. It also offers Pix4Dmapper, a drone modeling software; data sensors for precision farming; and mobile, desktop, cloud, SaaS, and business solutions.
Demand for high-performance and secure drone equipment and solutions is increasing, driven by regulatory and technological advancements and made visible by the present geopolitical environment. Parrot S.A. (OTC:PAOTF) is gaining from the strategic repositioning completed in 2021. Parrot S.A. (OTC:PAOTF) is solely focused on the design, development, and marketing of professional drone solutions, combining microdrones and image analysis technologies. Professional drones and solutions segment of the company accounted for about 99% of its revenue in the first half of this year.
14. Ondas Holdings Inc. (NASDAQ:ONDS)
Market Capitalization as of October 31, 2022: $0.167 billion
Number of Hedge Fund Holders as of Q2, 2022: 1
Ondas Holdings Inc. (NASDAQ:ONDS) is based in Waltham, Massachusetts. Ondas Holdings Inc., through its subsidiaries, provides private wireless, drone, and automated data solutions. The company operates in two segments, Ondas Networks and American Robotics. The company offers Scout Drone, an AI-powered drone with imaging payloads.
Following its acquisition of the autonomous drone business American Robotics, Ondas Holdings Inc. (NASDAQ:ONDS) is now one of the market's most exciting drone firms. According to estimates, the market for autonomous drones will exceed $100 billion, with American Robotics dominating the sector. Blue-chip clients have already signed up for its drone technology, including Chevron and ConocoPhillips. On October 19, a leading American oil and gas corporation gave American Robotics a fresh purchase order, according to a report from Ondas Holdings Inc. (NASDAQ:ONDS). Adding another exclusive company to its clientele, the autonomous drone technology from American Robotics continues to offer the U.S. top oil and gas firms the technology required to expedite monitoring and inspections.
13. EHang Holdings Limited (NASDAQ:EH)
Market Capitalization as of October 31, 2022: $0.228 billion
Number of Hedge Fund Holders as of Q2, 2022: 2
EHang Holdings Limited (NASDAQ:EH) operates an autonomous aerial vehicle (AAV) technology platform company in the People’s Republic of China, East Asia, Europe, and internationally. On October 13, EHang Holdings stated that its EH216 AAV has performed successful flight demonstrations in Spain under the European Union’s Air Mobility Urban Large Experimental Demonstration project.
On October 27, Allen Chang, an analyst at Goldman Sachs, began covering EHang Holdings Limited (NASDAQ:EH) with a Neutral rating and a $4 price target. Although he views electric vertical take-off and landing aircraft, or eVTOLs, as a promising emerging technology, he has given them a Neutral rating due to the stock's market valuation and his belief that it will take some time before eVTOLs are widely used.
12. Draganfly Inc. (NASDAQ:DPRO)
Market Capitalization as of October 31, 2022: $0.243 billion
Number of Hedge Fund Holders as of Q2, 2022: 1
Draganfly Inc. (NASDAQ:DPRO) was founded in 1998 and is based in Saskatoon, Canada. Draganfly Inc. (NASDAQ:DPRO) manufactures and sells commercial unmanned aerial vehicles worldwide. Its products include quadcopters, fixed-wing aircrafts, ground-based robots, and handheld controllers, as well as the software used for tracking, live streaming, flight training, and data collection.
Draganfly Inc. (NASDAQ:DPRO) launched its Heavy Lift and Commander 3 XL Drones. Draganfly's Commander 3 XL, known as the "Swiss Army Knife" of drones, is a high-endurance, weather-resistant, multirotor UAV designed for easy assembly and rapid deployment. The Heavy Lift Drone from Draganfly Inc. (NASDAQ:DPRO) is a multirotor, industrial, multipurpose UAV that can lift more and fly farther. The company's heavy-duty, tough UAV can carry 67 pounds of payload and can fly for up to 55 minutes while being capable of automated missions and human flight operations.
11. AgEagle Aerial Systems, Inc. (NYSE:UAVS)
Market Capitalization as of October 31, 2022: $0.468 billion
Number of Hedge Fund Holders as of Q2, 2022: 5
AgEagle Aerial Systems, Inc. (NYSE:UAVS) was founded in 2010 and is headquartered in Wichita, Kansas. AgEagle Aerial Systems, Inc. (NYSE:UAVS) engages in designing and delivering autonomous unmanned aerial systems for the energy/utilities, infrastructure, agriculture, and government industries worldwide. The company operates in three segments: Drones and Custom Manufacturing, Sensors and Software-as-a-Service (SaaS). It offers fixed-wing drones, including eBee Ag, eBee Geo, eBee TAC, and eBee X.
Just like The Boeing Company (NYSE:BA), Lockheed Martin Corporation (NYSE:LMT), and NVIDIA Corporation (NASDAQ:NVDA), AgEagle Aerial Systems, Inc. (NYSE:UAVS) is one of the biggest drone companies in the world.
10. Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)
Market Capitalization as of October 31, 2022: $1.40 billion
Number of Hedge Fund Holders as of Q2, 2022: 20
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) operates as a government contractor for the US Department of Defense. Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) manufactures some of the most advanced military drones in the world, with its XQ-58A Valkyrie drone currently under development being one of the few fully stealth drones in the world. The drone segment is crucial given the Pentagon’s over-the-horizon strategy that has gained prevalence under the Biden Administration. Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) has also been on a contract-winning spree this year, with the firm winning a $174 million contract from the U.S. Navy in September 2022.
09. Ambarella, Inc. (NASDAQ:AMBA)
Market Capitalization as of October 31, 2022: $2.19 billion
Number of Hedge Fund Holders as of Q2, 2022: 27
Ambarella, Inc. (NASDAQ:AMBA) develops semiconductor solutions for video that enable high-definition (HD) and ultra HD compression, image processing, and deep neural network processing worldwide. Its solutions are used in drones for capturing aerial video or photographs.
On October 18, Deutsche Bank analyst Ross Seymore lowered his price target on Ambarella, Inc. (NASDAQ:AMBA) to $62 from $75 and kept a Hold rating on the shares. At the end of the second quarter of 2022, 27 hedge funds in the database of Insider Monkey held stakes worth $214 million in Ambarella, Inc. (NASDAQ:AMBA), compared to 32 in the preceding quarter worth $319 million.
In its Q2 2022 investor letter, Carillon Tower Advisers, an asset management firm, highlighted a few stocks and Ambarella, Inc. (NASDAQ:AMBA) was one of them. Here is what the fund said:
“Ambarella, Inc. (NASDAQ:AMBA) is a leading supplier of video processing and computer vision chips used in the security and automotive markets. The company continues to face supply headwinds as well as some disruptions among its customers in China related to COVID lockdowns.”
08. AeroVironment, Inc. (NASDAQ:AVAV)
Market Capitalization as of October 31, 2022: $2.24 billion
Number of Hedge Fund Holders as of Q2, 2022: 10
AeroVironment, Inc. (NASDAQ:AVAV) was incorporated in 1971 and is based in Arlington, Virginia. AeroVironment, Inc. (NASDAQ:AVAV) designs, engineers, tools, and manufactures unmanned aerial and aircraft systems, including airborne platforms, payloads, and payload integration, ground control systems, and ground support equipment, and other items and services related to unmanned aircraft systems.
On September 30, RBC Capital analyst Ken Herbert kept his Outperform rating and $115 price target on AeroVironment, Inc. (NASDAQ:AVAV). At the end of the second quarter of 2022, 10 hedge funds in the database of Insider Monkey held stakes worth $181 million in AeroVironment, Inc. (NASDAQ:AVAV), compared to 10 in the previous quarter worth $182 million.
Along with The Boeing Company (NYSE:BA), Lockheed Martin Corporation (NYSE:LMT), and NVIDIA Corporation (NASDAQ:NVDA), AeroVironment, Inc. (NASDAQ:AVAV) is one of the biggest drone companies in the world.
07. Eve Holding, Inc. (NYSE:EVEX)
Market Capitalization as of October 31, 2022: $2.81 billion
Number of Hedge Fund Holders as of Q2, 2022: 6
Eve Holding, Inc. (NYSE:EVEX) creates solutions for urban air travel. It is involved in developing urban air traffic management systems, designing and producing eVTOLs, and supplying eVTOL service and support capabilities, such as material services, maintenance, technical support, training, ground handling, and data services. Melbourne, Florida, serves as the company's headquarters. The eVTOL maker projects that certification won't come until 2026, with up to 75 aircraft being produced that year.
On July 27, Raymond James analyst Savanthi Syth initiated coverage of Eve Holding, Inc. (NYSE:EVEX) with a Market Perform rating and no price target. According to Insider Monkey’s Q2 data, Eve Holding, Inc. (NYSE:EVEX) was found in the public stock portfolios of 6 hedge funds, with collective stakes in the company worth $3.975 million.
06. Joby Aviation, Inc. (NYSE:JOBY)
Market Capitalization as of October 31, 2022: $2.87 billion
Number of Hedge Fund Holders as of Q2, 2022: 20
Joby Aviation, Inc. (NYSE:JOBY) was founded in 2009 and is based in Santa Cruz, California. Joby Aviation, Inc. (NYSE:JOBY), a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service. It intends to build an aerial ridesharing service. It is one of the major drone stocks to invest in. On August 16, Deutsche Bank analyst Edison Yu lowered his price target on Joby Aviation, Inc. (NYSE:JOBY) to $7 from $8 and kept a Hold rating on the shares.
Among the hedge funds being tracked by Insider Monkey, London-based investment firm Marshall Wace LLP is a leading shareholder in Joby Aviation, Inc. (NYSE:JOBY), with 620,000 shares worth more than $3 million.
At the end of the second quarter of 2022, 20 hedge funds in the database of Insider Monkey held stakes worth $30 million in Joby Aviation, Inc. (NYSE:JOBY), compared to 30 in the previous quarter worth $79 million.
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Disclosure: None. 15 Biggest Drone Companies In the World is originally published on Insider Monkey.
